| 1. |
- Basu Bal, Abhinayan, 1980, et al.
(författare)
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Different Perspectives on Supply Chain Finance – In search of a holistic approach
- 2018
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Ingår i: Gong, S., Cullinane, K., (Eds.) Finance and Risk Management for International Logistics and the Supply Chain, 1st Edition. - Oxford : Elsevier. - 9780128138304 ; , s. 35-54
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Bokkapitel (refereegranskat)abstract
- This chapter discusses from a logistics services, financial and legal standpoint the possibility to deliver Supply Chain Finance (SCF) solutions to the entire supply chain. Particularly the potential new role of Logistics Service Providers (LSPs) as independent third parties that can assist in verification and risk assessment for trade financiers or add SCF to the service portfolio. Based on a conceptual model defining SCF and financial supply chain management, the research approach includes conceptual development complemented by financial and legal analysis. The findings in the areas of information asymmetry, visibility, working capital and division of roles can foster innovation in the financial technology arena for greater financial inclusion in international trade.
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| 2. |
- Elliot, Viktor, et al.
(författare)
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Does bank regulation spill over to firm financing? : SME financing, bank monitoring, and the efficiency of the bank lending channel
- 2018
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Ingår i: Contemporary issues in banking. - Basingstoke : Palgrave Macmillan. - 9783319902944 - 9783319902937 ; , s. 279-302
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Bokkapitel (refereegranskat)abstract
- This chapter analyses spill over between banks and firms when required bank capital is regulated. We contribute to the existing literature by addressing different regulatory responses with an impact on the supply and demand of bank lending. The chapter contributes to the growing literature addressing the unintended consequences of regulatory policy development. The study empirically compares the regulatory responses of Swedish banks and how these responses affect lending to Swedish SMEs. The theoretical framework and methodology employed in this chapter make it possible to study theories related to bank monitoring, regulatory arbitrage opportunities, and the risk-return trade off. The main results indicate that banks’ regulatory responses are associated with increasing lending margins, either by (1) increasing the margin on the loan portfolios, spilling over the regulatory costs through higher prices, (2) lower acceptance of lower return customers, or (3) regulatory arbitrage through balance sheet adjustments.
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| 3. |
- Elliot, Viktor, et al.
(författare)
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Does bank regulation spill-over to firm financing? SME financing, bank monitoring and the efficiency of the bank lending channel.
- 2018
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Ingår i: Contemporary Issues in Banking: Regulation, Governance and Performance. - Basingstoke : Palgrave Macmillan. - 2523-336X. - 9783319902937 ; , s. 279-302
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Bokkapitel (refereegranskat)abstract
- This chapter analyses spill over between banks and firms when required bank capital is regulated. We contribute to the existing literature by addressing different regulatory responses with an impact on the supply and demand of bank lending. The chapter contributes to the growing literature addressing the unintended consequences of regulatory policy development. The study empirically compares the regulatory responses of Swedish banks and how these responses affect lending to Swedish SMEs. The theoretical framework and methodology employed in this chapter make it possible to study theories related to bank monitoring, regulatory arbitrage opportunities, and the risk-return trade off. The main results indicate that banks’ regulatory responses are associated with increasing lending margins, either by (1) increasing the margin on the loan portfolios, spilling over the regulatory costs through higher prices, (2) lower acceptance of lower return customers, or (3) regulatory arbitrage through balance sheet adjustments.
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| 4. |
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| 5. |
- Elliot, Viktor, et al.
(författare)
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Internprissättning
- 2018. - 11
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Ingår i: Controllerhandboken. - Stockholm : Liber. - 9789147127016 ; , s. 343-365
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Bokkapitel (övrigt vetenskapligt/konstnärligt)
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| 6. |
- Elliot, Viktor, et al.
(författare)
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The Impact of Recent Regualtory Reform on the Use of Supply Chain Finance: The Case of Reverse Factoring
- 2018
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Ingår i: Contemporaty Issues in Banking. Eds. García-Olalla, M. & Clifton, J.. - Cham, Switzerland : Palgrave Macmillan. - 2523-336X .- 2523-3378. - 9783319902937
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Bokkapitel (refereegranskat)abstract
- Short-term structured trade finance has traditionally received preferred capital treatment by regulators and financial agencies based on the premises that it was one of the safest, most collateralized and self-liquidating forms of bank assets (cf. Auboin and Blengini, 2014). Despite this preferential treatment concerns have been raised over the potential impact of the Basel III requirements on various trade finance instruments (see, for example, Auboin, 2010; Auboin and Blengini, 2014; CGFS, 2014; Lasaga, 2016; Michalski, Ors, and Demir, 2016). In this paper, we aim to deepen our understanding on how bank’s use trade finance in relation to other lending in light of the new regulations. We explore banks’ increasing use of SCF in the form of reverse factoring and its impact on overall value creation in supply chains. In particular, we analyze the motives for the implementation RF programs, how such programs compare with traditional factoring and other trade finance arrangements and whether its regulatory treatment provides further motives for banks to expand this line of business. Key
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| 7. |
- Elliot, Viktor, et al.
(författare)
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The impact of recent regulatory reforms on cross-border correspondent banking: A study of the Nordic markets
- 2018
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Ingår i: Wolperting Conference on Banking and Finance.
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Konferensbidrag (övrigt vetenskapligt/konstnärligt)abstract
- Banks are fundamental to trade between countries and the relationships between banks in different countries are part of the global infrastructure. In recent years this infrastructure has been put under pressure by stricter regulations, both within the Basel III agenda and with regards to money laundering and terrorist financing. The Financial Stability Board (FSB, 2016, p. 3) notes that “A decline in the number of correspondent banking relationships is a source of concern for the international community because it may affect the ability to send and receive international payments, or drive some payment flows underground, with potential consequences on growth, financial inclusion, as well as the stability and integrity of the financial system,”. Still, present analyses of cross-border banking remain anecdotal and tend to focus on dyadic buyer/supplier relationships. In this study, we present empirical results from interviews with the six leading Nordic banks and the Swedish export credit agency. We find that although all six banks have significantly reduced the number of correspondent banking relationships (CBRs), they approach the reduction in different ways. This means that their regulatory responses are similar at an aggregate level but quite different on the individual basis. The results further indicate that compliance costs have risen extensively with potential implications on trade.
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| 8. |
- Lindblom, Ted, 1956, et al.
(författare)
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Funds Transfer Pricing, Liquidity Premium, and Market Structure
- 2018
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Ingår i: FMA 2018 European Conference, 13 - 15 June Kristiansand, Norway.
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Konferensbidrag (refereegranskat)abstract
- Funds transfer pricing (FTP) is widely acknowledged as an important part of banks’ asset and liability management (ALM). This paper makes two contributions to the existing FTP-theory. First, we analyze the implications of adding a liquidity premium to the FTP. Second, since a majority of the existing banking markets are dominated by a limited number of large banks we also cover the case of kinked demand and supply curves on oligopolistic and oligopsonistic competition, respectively.
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